Covestro opens new customer support laboratory in Mexico for coatings, adhesives and specialties

Mexico City, June 26, 2019 — Covestro, a leading manufacturer of high performance polymers, is expanding its capabilities in Mexico with the opening of its new customer support laboratory for the Coatings, Adhesives and Specialties (CAS) business unit. This lab will provide enhanced customer service, local support and technical expertise for the company’s fourth largest market worldwide and strengthen the company’s presence in Latin America.

The CAS business develops and provides raw materials that add value to the end product, improving its performance, appearance and durability. Covestro materials are used in a range of applications including wind turbines, transportation, construction, furniture, cosmetics and healthcare.

Covestro aims to work closer with its customers in Mexico to further innovation and develop customized solutions for several market sectors. For example, in the adhesives segment, it envisions widening its support for the furniture market, as well as the footwear industry for which Covestro supplies polyurethane adhesives for easier adhesion of footwear soles.

“The opening of this new laboratory demonstrates our commitment to innovation. We will provide a wide range of solutions like water-based paint optimization, selection of coating hardeners with a carbon base mainly derived from renewable raw materials, low monomer content that meets international standards and any application challenges faced by our customers,” said Ivan Castillo, CAS Mexico country representative, Covestro.

The new laboratory expands the current support capacities of the North American region and is focused on providing faster service to local customers. The lab will provide technical support for a wide range of coating, sealant and adhesive formulations.

“As our business in this region grows, we want to explore new market opportunities. Now, we have additional resources to support our growth strategy in Mexico. We aim to strengthen our market footprint with solutions that provide customers with productivity, efficiency and sustainability improvements,” said Ivan Castillo, chemical engineer, Covestro.

The new lab supports Covestro’s growth strategy in Mexico, which includes the implementation of a fourth production line in the Santa Clara plant located in Ecatepec, Mexico, where polyurethane and CAS material solutions are produced. Globally, the CAS business unit accounts for almost 16% of Covestro’s total sales.

About Covestro LLC:

With 2018 sales of EUR 14.6 billion, Covestro is among the world’s largest polymer companies. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. The main segments served are the automotive, construction, wood processing and furniture, and electrical and electronics industries. Other sectors include sports and leisure, cosmetics, health and the chemical industry itself. Covestro has 30 production sites worldwide and employs approximately 16,800 people (calculated as full-time equivalents) at the end of 2018.

Find more information at www.covestro.com.

Media Contacts:

Iván Cid, Phone: +52 (55) 5901-7539
ivan.cid@covestro.com

Angélica Sandoval, Phone: +52 (55) 5901-7408
angelica.sandoval@covestro.com

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This news release may contain forward-looking statements based on current assumptions and forecasts made by Covestro AG. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Covestro’s public reports which are available at www.covestro.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.

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